They may be educated guesses, but if we go into WW4 and every male from 18-30 yrs old gets shipped oversees, the assumptions an operator makes will be irrelevant.  

@Peter Kozlowski that is EVERY market right now.  3-4 yrs ago the hardest problem flippers had was finding a good deal.  

Suburbs south of Chicago (Homewood, Hazel Crest, Matteson, etc) that had solid <$150k inventory 2-3 yrs ago now have very few properties that pencil out. 

They will often offer the best terms, but expect the thorough underwrite (2-3 yrs personal and business tax returns, Debt Schedule, PFS, etc).

@Steven Denio- more than likely there  are no  long term IO options for INV property ....if  you  find one - the rate  will be north of  7%  and likely  short term ( 1-2 yrs )

I am using rental income to pay it back but i dont see myself paying back 80k in less than 10 yrs...tenants are paying for it...the idea of paying it off and using it again assumes you have a lot of cash flow and personal income to do so...all depends on your strategy

Hi all,just purchased a MFH unit in Joliet IL and have few bad apples that i need to manage effectively and efficiently. one is tenant, grandfathered in for 20+ yrs. believes he owns the property - almost has occupied the entire basement beyond his basement unit ( I fear my insurance may not pass my claim in future as he has created a hazardous environment). of course, pays under market rent and when i showed up with new lease terms/ agreement (i did intend to continue leveraging him in the same fashion as the previous landlord and kept the rent on the lower side of the market )  but still not a great fan. basically long story short, i need to get him out. 

It would result in 1 yr, never 2-3 yrs, but they won't qualify for it regardless.

Understand that I would still pay taxes in CA, but figured I wouldn't be after 2 yrs when I move to NV b) should I form the LLC in CA now and convert when I move to NV in 2 years? 

They will only lower your taxes if the actual value is under the assessed value.not sure if this is the same for condo's but for houses they can only increase the taxes 6% a yr with a cap of 20% in 5 yrs unless an improvement was made on the property.